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Karachi, Pak-Gulf Leasing Company Limited has announced the recommendations made by its Board of Directors during a meeting held on June 8, 2023, at the company’s registered office. The board has proposed the following to benefit the shareholders:
Interim Cash Dividend:
An interim cash dividend for the fiscal year ending June 30, 2023, has been recommended at the rate of Rs. 3.50 per share, equivalent to 35% of the share’s value.
Bonus Shares:
The board has also recommended issuing bonus shares to the shareholders. For every 100 shares held, 95 additional shares will be allotted, representing a bonus share proportion of 95%.
The above-mentioned entitlements will be paid out to the shareholders whose names appear in the Register of Members on June 16, 2023. This move aims to reward the shareholders for their investment in the company and provide them with additional value.
To facilitate the distribution and maintain accurate records, the Share Transfer Books of the company will remain closed from June 16 to June 19, 2023, inclusive of both days. Share transfers received by the Registrar of PGL, THK Associates (Pvt.) Limited, until the close of business on June 15, 2023, will be considered valid for the entitlements.